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Australian Scandium Miner Soars After $400M US Investment

Sunrise Energy Metals has secured $400 million in long-term debt financing from the Pentagon to expand production of scandium, a rare earth element vital to aerospace and defense. The deal underscores Washington's push to diversify supply chains away from China. Sunrise Energy Metals CEO Sam Riggall joins "Bloomberg: The Asia Trade" to discuss what this means for their business.

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Bloomberg
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Trump Touts $3B in Mineral Project to Counter China

During a recent meeting with top industry executives, the US President announced $3 billion in investments aimed at strengthening the domestic critical minerals and mining sector. The initiative seeks to reduce reliance on supply chains dominated by China. Gary Evans, Chairman and CEO of US Antimony, participated in the discussion and spoke to Bloomberg News about how much he is willing to see the government invest in his firm.

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Bloomberg
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Gotham Greens CEO: Not Good To Have an Outbreak Like This

Craig Stevenson, CEO of Gotham Greens, addressed the ongoing concerns over food safety amid recent recalls linked to salmonella in jalapenos and the widespread Cyclospora outbreak affecting thousands in the U.S. He noted a temporary decline in consumer demand for greens as news of outbreaks circulates, but emphasized that consumer interest in salads remains strong. He speaks with David Gura & Isabelle Lee on "The Close."

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Bloomberg
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Hoenig: Upcoming Data Will Be Deciding Factor for Fed

Thomas Hoenig, Distinguished Senior Fellow at the Mercatus Center, discussed the Federal Reserve's current stance amid recent economic data. He emphasized that the Fed is maintaining a cautious, wait-and-see attitude as it awaits upcoming inflation reports, including CPI and PPI data, which will be critical for shaping future policy decisions. He speaks with David Gura & Isabelle Lee on "The Close."

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Bloomberg
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Dating App Grindr Unveils New AI Features, Premium Tier

Grindr CEO George Arison said that new AI features and premium tiers are popular with users but that the company is still working out how to price the optional upgrades. Arison said that when it comes to the app's AI rollout, information gathered by AI can help users feel more comfortable meeting up with matches from farther away, especially in areas outside of cities that have a lower density gay population.

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